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Expired

509 Humphrey St, Swampscott MA 01907

Commercial Sale

Location, Location, Location! Rare opportunity to purchase a 4 unit mixed-use building. (2 residential units; 2 commercial units) 3 out of the 4 units will be delivered vacant which makes it an ideal Condo Conversion Project or Excellent property for 1031 Exchange Buyer. Very desirable building & location w/ off-street parking. Walk to beaches, town, restaurants, shops & cafes. Train to Boston/Newburyport/Rockport only @ 1 mile away. Projected rent roll @ $120k; Projected expenses @ $30k. NOI @ $90k. Purchase w/ cash and property potential to yield 8-10% ROI. Ample off-street parking ideal for commercial tenants, very rare for Humphrey St. Boston @12.5 miles away. Located on bus route. Residential units have decks w/ ocean views. Great long term buy & hold OR condo convert. Property can be purchased as a package w/ 18-20 Sculpin Way (adjacent) MLS #

This home has been viewed 44 times

Last Checked: May 7th, 2024 at 12:12am (Source: MLS PIN #73073205)

General Information for 509 Humphrey St, Swampscott MA 01907

Listing ID73073205

Property TypeCommercial Sale

Price$1,000,000

Style

CitySwampscott

CountyEssex

Neighborhood(s)

ZoningA2

Year Built1973

Disclosures for 509 Humphrey St, Swampscott MA 01907

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsBasement Fridge

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based On

Contact Information for 509 Humphrey St, Swampscott MA 01907

Agent

Name: Stephen Martin

Office

Name: Lux Realty North Shore

Phone: 978-922-1000

Exclusive Listing Agent

Lux Realty North Shore

Stephen Martin

Agent Phone

Office Phone

(978) 922-1000

Text Agent Call Agent Call Office

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EXIT

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